Pension schemes, &c, for employees of the Corporation
12. The Corporation may establish and regulate a pension scheme or provident fund for the payment of pensions, gratuities or retiring allowances to employees of the Corporation and a widows' and orphans' pension fund or scheme for providing pensions to the widows and orphans of deceased employees of the Corporation, and may require contributions to be made to any such scheme or fund by employees of the Corporation and may deduct such contributions from the salaries or wages of such employees and may make contributions to any such scheme or fund from the revenues of the Corporation. |